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Commercial Lender in Minneapolis, MN

Commercial Lender Job Description

Banks seek commercial lenders who have excellent networking and business development skills. Candidates must be able to work closely with cash management, treasury, specialty finance and other areas of the bank to promote cross sales. Candidates should have a demonstrated knowledge of commercial lending policies and procedures. Banks also look for professionals possessing strong interpersonal, analytical and organizational abilities. The ideal candidate will have at least two years of experience in commercial banking credit analysis. This position requires a bachelor’s degree, ideally in finance or accounting or an equivalent major. Some specialty commercial lending positions may require a master’s degree.

Typical commercial lender duties:

Preparing credit proposals for business loans and capital fundingReviewing loan closing and funding activitiesDeveloping new businessInterviewing applicants and researching credit historiesConstructing loan packages, loan structures, costs and fees, and loan repayment options and termsVerifying information on loan agreementsManaging loan workouts

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Salary for Commercial Lender in Minneapolis, MN
81588 - 116363
Low
81588
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
98708
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
116363
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Managing Director/Partner 191530 229783 274723 Vice President of Banking and Financial Markets 148463 181900 214803 Portfolio Manager 113153 137228 166653 Business Development Officer 103523 131075 156488 Banking and Financial Markets Associate 96568 123050 137763 Banking and Financial Markets Analyst 65003 83995 96568 Banking Operations Specialist 44673 66340 95230 Senior Credit Analyst 81855 100848 119305 Credit Analyst 63398 78110 90683 Entry-Level Credit Analyst 54570 67143 85600

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.